Another European Summit and disagreement once more, but this time the UK was the thorn in Europe’s side. United Kingdom Prime Minister David Cameron refused to sign a new EU treaty that was drafted by Angela Merkel and Nicolas Sarkozy imposing strict budget and debt rules to not only the eurozone states, but also the [...]

Weekly Market Commentary – Week Ending 25/11/11 It seems each week the troubles facing the eurozone just keep mounting up and the disastrous consequences of a complete break-up of the euro become a distinct possibility. This week alone has seen Germany’s Chancellor Angela Merkel insist that the European Central Bank would not act as the [...]

Weekly Market Commentary – Week Ending 18/11/11 The escalating crisis in the eurozone took another turn for the worse this week when Italian, Spanish and French borrowing costs soared to near record highs and plunged the eurozone to the brink of collapse once again. It prompted the new European Central Bank President, Mario Draghi to [...]

I had been hoping to talk of a brighter future for Europe this week, but a week on from Europe’s so called “Eurozone Rescue Package” to resolve the debt crisis which is crippling the eurozone, Angela Merkel and Nicolas Sarkozy summoned Greek Prime Minister, George Papandreou to an emergency meeting at the G20 Summit in [...]

Weekly Market Commentary – Week Ending 28th October 2011 OVERVIEW Leaders from the eurozone finally thrashed out a deal to try and contain the 2-year long debt crisis, by getting private banks to finally agree to take 50 percent losses on their Greek government bonds. At one stage it looked like the talks may fail [...]

Weekly Market Commentary – Week Ending 21/10/11 OVERVIEW The financial markets were still being driven by the ongoing events surrounding the eurozone where they were hoping this Sunday’s meeting of leaders from the 17-nation eurozone would finally deliver a resolute rescue package to prevent a sovereign debt meltdown in their currency zone. Alas, France and [...]

Weekly Market Commentary – Week Ending 14/10/11  OVERVIEW The storm clouds continue to gather over the eurozone after the ratings agency, Standard and Poors downgraded Spain’s credit rating on Thursday, causing panic and anxiety amongst investors that a far larger European economy than Greece was heading for economic meltdown. Italy was also in need of [...]

Weekly Market Commentary – Week Ending 07/10/11 OVERVIEW The Bank of England finally caved in under the pressure of a faltering UK economy and increased its quantitative easing program on Thursday by a further £75bln, taking the total they have injected into the UK economy to £275bln. The “printing of money” is something that George [...]

OVERVIEW All eyes this week were clearly focused again on the ever mounting Euro debt Crisis and the challenges the Euro zone faces over Greece. Earlier in the week cracks seemed to be appearing in the shaky consensus around rescue efforts for the euro zone and about how much money should be set aside to [...]

NB:  hyperWALLET has been processing payments in the England and Europe for over 5 years, but we’ve recently expanded our (human) footprint in the UK, too.  Our team in London now has both sales and Foreign exchange trading expertise, to better serve our global corporate customers.  Nigel Green is the former Head of Corporate Dealing at Travelex, [...]